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, he said he would not extend any of the bush tax cuts for the wealthy and you did. you say you're not going to negotiate this year, why should house republicans take that seriously and think if we did into the 1 minute until midnight scenario that you will not back down? >> first of all, julianna, let's take the example of this year's fiscal cliff. i did not say we would not have any conversations out all about extending the bush tax cuts. i said we would not extend them for the wealthy. we did not. now, you can argue that during the campaign i said i set the criteria for "wealthy" at $250 on dollars and we ended up being a $400,000, but millionaires are paying more taxes, just as i said. from the start, my concern was making sure we had a tax code that was fair and protected the middle class. when biggest priority is making sure that middle-class taxes did not go up. the difference between this year and 2011 is the fact that we have already made $2 trillion in cuts. at the time, i indicated that there were cuts that we could sensibly make that would not damage our economy, wou
about now closing more loopholes and that means higher taxes. we don't know on who, but he would not specify any specific spending reductions and refusing to negotiate with the house republicans on the issue of the debt ceiling. lou, an interesting couple of months. looking forward to it. >> megyn: all right. thank you, sir. >> thanks, megyn. >> megyn: with the president refuse to go negotiate on that debt ceiling, it's coming and we're going to hit it and there's going to be a real question what we will do. he negotiated the last time and suddenly says he doesn't want to negotiate anymore and the republicans have drawn a line in the sand when it comes to these spending cuts, saying, if we don't see a dollar for dollar spending cut in the amount you want to raise the debt ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the preside
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stating very clearly today that he will not negotiate deficit reduction, tax increases and spending cuts attached to the debt ceiling. this of course does follow that bruising battle the year before last, where he did negotiate on the issue, and the u.s. nearly went to the brink of default. he said that congress has to pay the bills that it's already racked up. >> you don't go out to dinner and then, you know, eat all you want and then leave without paying the check. and if you do, you're breaking the law. and congress should think about it the same way that the american people do. you don't -- now, if congress want, to have a debate about maybe we shouldn't go out to dinner next time, maybe we should go to a more modest restaurant, that's fine. that's the debate that we should have. >> reporter: in this press conference that was called last minute in the east room, president obama said he will negotiate a deal on deficit reduction but not, as he put it, quote, with a gun to the head of the american people. as you know, joe, republicans are saying they're not going to increase the debt c
, you have to pay your back taxes, you have to show that you've been in the country working for a period of time. you had to show that you have a background check so you haven't broken any serious laws, you have to learn english and the like. it's earned, it not automatic. it would be a pathway to citizenship, but the fact of the matter is, we need full citizenship. we can't have second class citizenship, that won't work, we can't have a temporary program that won't work. we can't have a peace meal approach like some members in the senate have called for. it's got to be cover comprehensive, it's got to be full citizenship, we have got to get these people from out of the dark and into the light. the effect of bringing these people from out of the dark and into the light in the time of debt and deficit is the following, $1.5 trillion input into the economy, they help to maintain our social security system. we know that we're now a majority, children majority minority are being born inn now in the united states these kids will help beef up our social security system which we have got to str
revenue through tax reform by closing loopholes in our tax code for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we can solve the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they don't think it's fair, for example, to ask a senior to pay more for his or her health care, or a scientist to shut down lifesaving research so that a multimillionaire investor can pay less in tax rates than a secretary. they don't think it's smart to protect endless corporate loopholes and tax breaks for the wealthiest americans rather than rebuild our roads and our schools, invest in our workers' skills, or help manufacturers bring jobs back to america. so they want us to get our books in order in a balanced way, where everybody pulls their weight, everyone does their part. that's what i w
many workers were surprised to see higher payroll taxes in the first paycheck of the year. it shrank take home earnings bys by 2% or more. a temporary cut in social security and medicare taxes expired as part of the fiscal cliff compromise. >>> and sunny california has turned into shivering california. frost and freezing temperatures are blanketing the state for the fourth night in a row. so far, citrus growers say they protected their crops using water and heaters. no significant crop damage is reported. overnight temperatures in los angeles over the weekend were in the 30s and in the 20s near san francisco. that's why everybody was cold. >> and we were >>> that's why i love the weather. it's always strange. and it is very cold out there right now. in fact, chilly temperatures in the bay area in the 20s and the 30s. we're currently under a freeze warning at this time. nice and clear. that cold air setting overhead freeze warnings up in many of the valleys. temperatures these numbers in the 20s and 30s. by the afternoon, highs only expected to be in the 40
for tax reform by closing loopholes for the wealthiest americans. if we combine a balanced package of savings from spending on health care and revenues from closing loopholes, we consult the deficit issue without sacrificing our investments in things like education that are going to help us grow. it turns out the american people agree with me. they listened to an entire year's debate over this issue, and they made a clear decision about the approach they prefer. they do not think it is fair to ask a senior to pay more for his or her health care or a scientist to shut down like that saving research so that a multi millionaire investor can take less in tax rates then a second trip -- and a secretary. they do not think it is smart to protect and as corporate loopholes and tax breaks for the wealthiest americans rather than rebuild roads and schools or help manufacturers bring jobs back to america. they want us to get our books in order in a balanced way where everyone pulls their weight, everyone does their part. that is what i want as well. that is what i have proposed. we can get it
their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that's a real ad. that, my friends, is political pornography. >> that's one of the grossest things i've ever seen in my life. >> i don't know what to say. joe? >> what's wrong with these people, mika? what's wrong with these people? you have children that had no say in the decision on whether their father was going to step forward to be president of the united states, to run for president, one of the most bone-crushing sacrificing things any husband or wife can do to their family. and the second they make that decision, their children and their entire family have targets on their backs. and the nra is putting something out like -- what's wrong with these people, putting out apps that 4-year-olds can play on the anniversary of the newtown murders, and now putting out an ad talking about the president's daughters? >> they are out of step, out of the mainstream, totally out of sync with what's going on in our society. and quite f
and actually to get from where we are, given the spending cuts and tax increases that we've implemented so far, to where we need to be to stabilize the debt, is not that heavy a lift if we had a functional politics that was actually paying attention to what needs to be done instead of creating these ridiculous self-inflicted skirmishes and wounds. as you have correctly pointed out, you have even got conservatives spokespeople saying, look, this isn't going to happen, you're not going to do this. we're going to have one of these last minute solutions again. if that is truly the case and if history is precedent, it will be, we really have to ask ourselves about our priorities. >> and yet, david, the problem is the fitch ratings agency has already threatened a ratings downgrade. and it even has a retort who think debt ceiling hostage taking can be a weapon against spending calling it an infective and potentially dangerous mechanism for enforcing fiscal discipline. so what is this obsession they have of falling on their sword and taking the country with them. >> there you go again, martin, stickin
. listen. >> asking barack obama not to be a big-spending, high-taxing liberal is a denial of everything that we've learned about him in his career. it's much better for the house republicans to say, this is what we're prepared to do. there are dozens of places you can dramatically change spending without having to get involved in a general crisis over the u.s. debt. >> does he have a point? do you think this is a message from the former speaker that's worth heeding? >> well, we definitely want to work with president obama, and we're at the beginning of the 113th congress. i would also say that this is our moment, though. the american people know that our economy is struggling right now, partly because of the debt that is impacting american families, hard-working taxpayers all across this country. when president obama was in the senate, when he was a u.s. senator, he voted against raising the debt ceiling. and he said it was a lack of leadership that had brought us to this point. and so i would, at the beginning of this congress, hope that the president would make this a new start, where
Search Results 0 to 10 of about 11